Merit Medical Systems (MMSI) Free Cash Flow (2009 - 2026)
Merit Medical Systems (MMSI) recorded Free Cash Flow of $52.93 million in Q3 2026, up 0.7% from $52.54 million a year earlier and up 1.9% from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Merit Medical Systems' Free Cash Flow came in at $203.59 million as of Sep 30, 2026, down 1.6% year-over-year; for FY2025, it was $215.66 million, up 16.2% from FY2024.
- Annual Free Cash Flow has increased for three straight years, with a five-year compound annual growth rate of 12.6% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $185.66 million in FY2024 (+67.5%), $110.86 million in FY2023 (+60.1%), $69.26 million in FY2022 (-41.9%) and $119.29 million in FY2021 (unchanged).
- Quarterly Free Cash Flow has ranged from $1.76 million in Q1 2023 to $74.05 million in Q4 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in six of the last eight quarters, with growth averaging 9.0%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 402.6% in Q2 2024, against a decline of 91.5% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $51.95 million (Q2 2026), $24.67 million (Q1 2026) and $74.05 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 2.11 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 1.22 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 1.63 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 1.11 Bn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 1.29 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 1.22 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 868.00 Mn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 506.70 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 884.00 Mn |
| 10 | Merit Medical Systems | 5.26 Bn | 3.37 Bn | 200.63 Mn | 52.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 52.93 Mn |
| Jun 30, 2026 | 51.95 Mn |
| Mar 31, 2026 | 24.67 Mn |
| Dec 31, 2025 | 74.05 Mn |
| Sep 30, 2025 | 52.54 Mn |
| Jun 30, 2025 | 69.56 Mn |
| Mar 31, 2025 | 19.51 Mn |
| Dec 31, 2024 | 65.27 Mn |
| Sep 30, 2024 | 37.97 Mn |
| Jun 30, 2024 | 57.88 Mn |
| Mar 31, 2024 | 24.53 Mn |
| Dec 31, 2023 | 55.11 Mn |
| Sep 30, 2023 | 42.47 Mn |
| Jun 30, 2023 | 11.52 Mn |
| Mar 31, 2023 | 1.76 Mn |
| Dec 31, 2022 | 15.52 Mn |
| Sep 30, 2022 | 19.71 Mn |
| Jun 30, 2022 | 31.55 Mn |
| Mar 31, 2022 | 2.48 Mn |
| Dec 31, 2021 | 37.49 Mn |
API Access
Merit Medical Systems Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "MMSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();